Spain

The company may stop the unit in the spring if low demand and high volume of imports from third countries persist

In January-November, Spanish steelmakers reduced steel production by 3.3% y/y

The buyer was the Spanish Arania, which is part of the Grupo Arania steel company

The export of steel products for the month fell by 20.6% y/y

Construction work at the Gijón plant will begin in early 2024, led by the engineering company Sarralle

In January-October, Spanish steelmakers reduced steel production by 4.6% y/y

Incorrect declaration damages the economy and the local market

In January-August, the consumption of scrap increased by 3.8% y/y

The industry is asking to speed up the process to regulate issues related to this mechanism

In January-September, Spanish steelmakers reduced steel production by 5.7% y/y

The trade unions agreed with the company to extend the temporary employment regulation scheme for three months

During the month, Spanish steelmakers consumed 587,000 tons of scrap